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Dec 31, 2012
12/12
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KPIX
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president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now, but republicans doan want to see new revenues, in other words, democrat tax increases, beused for new spending. >> the president has said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the middle class. >> there should be an up or down vote. everybody should have a right to vote on that. you know, if republicans don't like it, they can vote no, but i actually think there's a majority support for making sure that middle-class families are held harmless. >> a wh
president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is...
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Jan 1, 2013
01/13
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KCSMMHZ
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is not out of the woods yet. >> president obama said the agreement fell short of what both sides wanted but that it was the right thing to do for the country. >> senators passed the bill with 89-8. after months of wrangling, lawmakers ended their deadlock. >> i know i can speak for my conference when i say we don't think taxes should go up on anyone. but if we knew if we did nothing they would be going up on everyone. >> the bill heads to the republican controlled house of representatives and could come to a vote later today but it is far from certain that it will pass. president obama urged members to back the deal though it falls short of what he originally sought. >> my preference would have been to solve all of the problems in the context of a larger agreement, bigger deal, a grand bargain, whatever you want to call it that solves our deficit problems in a responsible way. does not just deal with the taxes but deals with the spending so that we can put it behind us and focus on just growing our economy. >> the plan would permanently raise taxes on households making more than $450,00
is not out of the woods yet. >> president obama said the agreement fell short of what both sides wanted but that it was the right thing to do for the country. >> senators passed the bill with 89-8. after months of wrangling, lawmakers ended their deadlock. >> i know i can speak for my conference when i say we don't think taxes should go up on anyone. but if we knew if we did nothing they would be going up on everyone. >> the bill heads to the republican controlled house...
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Dec 27, 2012
12/12
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LINKTV
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without a deal, budget cuts and tax rises will automatically start on january 1. a senior congressional reporter with the american news service "politico," says while he is doubtful they will strike a deal before next year, obama and democrats have the upper hand. >> they know that the polls are on their side, that a majority of americans would blame the republicans for the failure, and they know that -- they say president obama was just reelected on a mandate to raise taxes on the stockton% of income earners and the republican party is dead set against tax increases. -- on the top 2% of incoming earners. he wants to raise taxes on folks making more than a million dollars, but that was not enough for democrats and that was too much for lot of republicans. the republicans in the house are the ones who endangered the speaker's efforts to cut a compromise deal. the democrats know that they are the ones that have the upper hand in the fight and if we go into the new year, a new congress will be sworn in. democrats will have more seats in the house and the senate and t
without a deal, budget cuts and tax rises will automatically start on january 1. a senior congressional reporter with the american news service "politico," says while he is doubtful they will strike a deal before next year, obama and democrats have the upper hand. >> they know that the polls are on their side, that a majority of americans would blame the republicans for the failure, and they know that -- they say president obama was just reelected on a mandate to raise taxes on...
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says he will call a vote in congress to stop the tax rises if they can't work it and. the twenty three year old victim of an of riffing gang rape on a bus that triggered violent protests in india has died in a singapore hospital in new delhi gatherings of more than five people have been banned in many parts of the city but this peaceful fifteen was allowed to go ahead the authorities have also closed metro stations and stock cars from accessing some main roads in preparation for possible protests is. now we are coming up too fast to that night of fun fireworks and festivities the first few of us will also be making some resolutions for twenty thirteen and rory half an ist has been hearing some of the wishful thinking in new york. it's that time of year again we all make resolutions for the new year so what's your best this week let's talk about bad same as always so it was a rule looking forward to the mega millions that say you're going to win the lottery and you're going to lose weight and neither of these things are going to happen exactly good just be. kinder gentl
says he will call a vote in congress to stop the tax rises if they can't work it and. the twenty three year old victim of an of riffing gang rape on a bus that triggered violent protests in india has died in a singapore hospital in new delhi gatherings of more than five people have been banned in many parts of the city but this peaceful fifteen was allowed to go ahead the authorities have also closed metro stations and stock cars from accessing some main roads in preparation for possible...
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Dec 31, 2012
12/12
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WUSA
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president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back on any increase in taxes. >> they say that the biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> but senators say there is some movement on the issue. >> there's a lot of give and take right now but republicans doan want to see new revenues in other words, tax increases be used for spending. >> the president says if there's no deal by the end of the day, they should draw up a new tax plan. >> there should be a right to vote. if republicans don't like it they can vote no but i actually think there's a majority support for making sure the middle-class families are held harmless. >> a white house proposal to increase estate taxes also held up negotiations over the weekend. now, even if the democratic-led passes, it still has to get through the republican-controlled house. terrell? >> not looking so well. dani
president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back on any increase in taxes. >> they say that the biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> but senators say there is some movement on the issue. >> there's a lot of give and take right now...
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Dec 30, 2012
12/12
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CNNW
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obama is expected to call on a scale back plan that would only extend middle class tax breaks and unemployment benefits if the negotiations fail. republican senator mitch mcconnell is hoping there will be a plan to present today. >>> some sad news from hollywood. harry carey jr. has died. best known for his work in westerns appeared in almost 100 films including ten with john wane. but his career wasn't limited to the silver vene. he served in the u.s. navy during world war ii. he was 91. >>> caught on tape, the terrifying moments when a russian plane hurdled past a runway and sent debris crashing on to a highway in moscow. another driver capturing the scene on his car's dashboard camera. four people onboard the russian red wings flight were killed and four others were injured. the cause of the crash is under investigation. >>> and it's not just the fiscal cliff that could impact your wallet. we'll tell you why something called the dairy cliff could make your grocery bill soar if congress doesn't do something soon. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that
obama is expected to call on a scale back plan that would only extend middle class tax breaks and unemployment benefits if the negotiations fail. republican senator mitch mcconnell is hoping there will be a plan to present today. >>> some sad news from hollywood. harry carey jr. has died. best known for his work in westerns appeared in almost 100 films including ten with john wane. but his career wasn't limited to the silver vene. he served in the u.s. navy during world war ii. he was...
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says he will call a vote in congress to stop the tax rises if they car work it and. the victim of a gang rape on a bus that triggered violent protests in india has died in a singapore hospital her body is expected to be flown back to india later on saturday the twenty three year old student was beaten and suffered massive internal injuries before being thrown out into the road attack course deep outrage in new delhi with widespread demonstrations taking place to call for greater protection for women. italy's outgoing prime minister says he will lead a coalition of centrist parties after february's parliamentary elections omarion monti is not ruling out a return as head of state should the alliance be successful he resigned earlier this month after his government lost its majority amid the country's deepening recession. now are coming up fast to that night of fun fireworks and festivities a fair few of us will also be making some resolutions for twenty thirteen is laurie half a nice has been hearing some of the wishful thinking in new york. it's that time of year agai
says he will call a vote in congress to stop the tax rises if they car work it and. the victim of a gang rape on a bus that triggered violent protests in india has died in a singapore hospital her body is expected to be flown back to india later on saturday the twenty three year old student was beaten and suffered massive internal injuries before being thrown out into the road attack course deep outrage in new delhi with widespread demonstrations taking place to call for greater protection for...
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says he will call a vote in congress to stop the tax rises if they can't work it out. the twenty three year old victim of an horrific gang rape on a bus that triggered a violent protest in india has died in a singapore hospital in new delhi gatherings of more than five people have been banned in many parts of the city but this peaceful city was allowed to go ahead the authorities have also closed metro stations and stopped cars from accessing some main roads and in preparation for possible protests that. italy's going prime minister says he will lead a coalition of centrist parties after february parliamentary elections omarion monti is not ruling out a return as head of state should the alliance be successful he resigned early this month after his government lost its majority amid the country's deepening recession now we are coming up fast that night of fun fireworks and festivities a fair few of us will also be making some resolutions for twenty thirteen and lori half an ist has been hearing some of the wishful thinking in new york. it's that time of year again when
says he will call a vote in congress to stop the tax rises if they can't work it out. the twenty three year old victim of an horrific gang rape on a bus that triggered a violent protest in india has died in a singapore hospital in new delhi gatherings of more than five people have been banned in many parts of the city but this peaceful city was allowed to go ahead the authorities have also closed metro stations and stopped cars from accessing some main roads and in preparation for possible...
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Dec 29, 2012
12/12
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LINKTV
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that condition, in line with obama's campaign pledge to raise taxes on the wealthiest 2% of taxpayers ought. it is a condition that so far is unacceptable to republicans want to extend current tax breaks regardless of income. the pressure will be elements of the house republicans to follow through. at this point, it is an open question. >>> at least six people in pakistan have been killed, dozens injured in an explosion in karachi. it ripped apart a bus parked on the road and a hotel was also damaged. they're still no word on what caused the explosion. the police say a bomb was planted on the boss. another boat -- as it was planted on the bus, but another official said it was on a motorbike. >>> videos released follow several high-profile taliban attacks in the northern cities. the detonations envoy to syria has warned the country's crisis will go one of two ways, to help or a constructive political process. they say that the neighboring countries will not be to take many more refugees. they were speaking in moscow to the russian foreign minister. >> object of everybody who is acting
that condition, in line with obama's campaign pledge to raise taxes on the wealthiest 2% of taxpayers ought. it is a condition that so far is unacceptable to republicans want to extend current tax breaks regardless of income. the pressure will be elements of the house republicans to follow through. at this point, it is an open question. >>> at least six people in pakistan have been killed, dozens injured in an explosion in karachi. it ripped apart a bus parked on the road and a hotel...
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Dec 28, 2012
12/12
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FOXNEWSW
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i mean the idea that -- taxes going to go up on obama care and a bunch of other taxes kick in and cost of living going up. the pragmatic rehe action would be in an a perfect world there would be no tax increases. going to happen one way or another. your point is he should stick to principle and go over the cliff. >> that is why he got elected by his body and in his district. we kept the house. the taxing authority. we have the constitutional authority and duty to go in there and tax and spend and create that budget. also we beat up obama and rightly so for the lack of transparency in the obama care debate and we are having four people negotiate the budget. put it back into paul ryan's hands and let's lead. >> i heard paul ryan's name mentioned. of course, his office, don't look at us. we support boehner. but look, if there was some revolt, if this thing is real and people will start mentioning ryan and it builds and builds and builds, i mean would he be somebody who said no to that? >> i think he would say no very quick. he might have other plans perhapses in 2016 and running for speak
i mean the idea that -- taxes going to go up on obama care and a bunch of other taxes kick in and cost of living going up. the pragmatic rehe action would be in an a perfect world there would be no tax increases. going to happen one way or another. your point is he should stick to principle and go over the cliff. >> that is why he got elected by his body and in his district. we kept the house. the taxing authority. we have the constitutional authority and duty to go in there and tax and...
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Dec 29, 2012
12/12
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KQED
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it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousness of the sick jubilation. the problem is withdrawing government demand from the economy too big spending programs, cuts with a smothering effect on the tax hikes will have been very damaging effect on the was economy and by extension the world economy. people know it is serious, but the politics, we know that the house and senate republicans do not want to increase taxes on anybody, so it is very difficult to see how a package can get through congress, certainly in time for the new year. one guess is that t
it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means...
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is sliding ever closer to what has become known as the fiscal cliff with barack obama hosting another last minute emergency meeting on today for weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but what has already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate to put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or two trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine with very little discussion. everyone agrees on both sides of the aisle that sums sort of reduction in benefi
is sliding ever closer to what has become known as the fiscal cliff with barack obama hosting another last minute emergency meeting on today for weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but what has already been agreed upon. the real problem in my...
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Dec 28, 2012
12/12
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WETA
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it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousness of the sick jubilation. the problem is withdrawing government demand from the economy too big spending programs, cuts with a smothering effect on the tax hikes will have been very damaging effect on the was economy and by extension the world economy. people know it is serious, but the politics, we know that the house and senate republicans do not want to increase taxes on anybody, so it is very difficult to see how a package can get through congress, certainly in time for the new year. one guess is that t
it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means...
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Dec 31, 2012
12/12
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hello, president obama has made another appeal to the u.s. congress to reach an agreement in the next 48 hours to avoid the so-called fiscal cliff. it's a term used to describe the expiry of tax cuts dating back to 2001. if there is no deal, 88% of americans will end up paying $400 billion more in 2014. that will be coupled with more than a trillion dollars in automatic government spending cuts. according to the congressional budget office it will start with $200 billion in military and social welfare cuts next year. the big concern over falling off the fiscal cliff is it will send the u.s. back into a recession with, of course, global repercussions. it could be weeks before anyone feels the effects. and analysts say even without an agreement, politicians can reach other deals to soften the impact. >> u.s. president barack obama making a rare appearance on one of u.s. tv's agenda-setting sunday shows. he appealed to politicians of both parties not to let the u.s. go off the so-called fiscal cliff. the budget crisis, some kay -- say could tip
hello, president obama has made another appeal to the u.s. congress to reach an agreement in the next 48 hours to avoid the so-called fiscal cliff. it's a term used to describe the expiry of tax cuts dating back to 2001. if there is no deal, 88% of americans will end up paying $400 billion more in 2014. that will be coupled with more than a trillion dollars in automatic government spending cuts. according to the congressional budget office it will start with $200 billion in military and social...
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Dec 29, 2012
12/12
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KCSM
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spending cuts and tax hikes that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough. >> i mean, i like with starbucks is riding on the cups. i wish they would write, like, something else, like "republicans, stop being stupid." >> i think the solution will probably be neutered and not very effective, but ultimately, i think they will avoid the fiscal cliff. >> but neither side appears willing to give in. democrats, for example, are frustrated that republicans will not agree to raise taxes on the wealthy. >> the majority of rich people in our great country are willing to pay more. the only people who disagree with that are republicans who work in this building. >> republicans say that democrats want to sp
spending cuts and tax hikes that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough....
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Dec 28, 2012
12/12
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KCSM
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president barack obama has broken off his christmas vacation to resume talks on the so-called fiscal cliff, taxes and spending cuts unless democrats and republicans reach a deal by new year's eve. >> nearly all the major players in those negotiations are starting to agree on one thing, and that is that a deal is virtually impossible by that deadline. senior officials say there is little hope of a grand bargain to shave trillions of dollars off of america's mountain of debt. >> applause for the bell at the start of the trading day is a daily ritual at the new york stock exchange, despite the enthusiasm, traders are keeping an anxious eye on share prices. the fiscal cliff is on everyone's mind. u.s. treasury secretary timothy geithner has warned that his department will need to take extraordinary measures to postpone the upcoming government defaults. he plans adjustments to the national budget that would give the u.s. two months of grace. president barack obama has said he is still hopeful that a resolution can be reached this year. he cut short his vacation in hawaii to restart negoti
president barack obama has broken off his christmas vacation to resume talks on the so-called fiscal cliff, taxes and spending cuts unless democrats and republicans reach a deal by new year's eve. >> nearly all the major players in those negotiations are starting to agree on one thing, and that is that a deal is virtually impossible by that deadline. senior officials say there is little hope of a grand bargain to shave trillions of dollars off of america's mountain of debt. >>...
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been trying to reach a deal on how to reduce the deficit if they don't though billions of dollars in tax hikes come into effect on january the first a journalist on the bar says it's not the deadlock that's the worry but rather what's already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate so put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or two trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine was very little discussion. everyone agrees on both sides of the aisle that sums sort of the reduction in benefits from social security and medicare is inevitable quote unquote well you know the rest of us don't believe that it's inevitable or even that it's necessary and certainly not that it's that it's not desirable yet th
been trying to reach a deal on how to reduce the deficit if they don't though billions of dollars in tax hikes come into effect on january the first a journalist on the bar says it's not the deadlock that's the worry but rather what's already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate so put...
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america is braced to plunge off the fiscal cliff time ticks away democrats and republicans all over taxes for the rich we hear how the wiring aspects of the deal have long been agreed upon. now gun sales are searching to record levels all across america president obama's pledge to tackle firearms ownership in the wake of the sandy hook school massacre has actually seen the shooting spree develop into a shopping spree for guns nature can spoke to some of the store owners who are ultimately cashing it about two weeks ago actually on this particular war here. they are it's four rows of rows across. with everything going on in politics right now with the possible ban and everything everyone is flowing in. purchasing right away gun stores all across the u.s. are reporting record sales. just two weeks after the tragic shooting at the elementary school in newtown americans are scrambling to buy the same type of weapon that adam lanza used in the connecticut shooting plus high capacity magazines and a lot of them panic buying trigger it out of fear that the white house is out to ban the weapons b
america is braced to plunge off the fiscal cliff time ticks away democrats and republicans all over taxes for the rich we hear how the wiring aspects of the deal have long been agreed upon. now gun sales are searching to record levels all across america president obama's pledge to tackle firearms ownership in the wake of the sandy hook school massacre has actually seen the shooting spree develop into a shopping spree for guns nature can spoke to some of the store owners who are ultimately...
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Dec 30, 2012
12/12
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FOXNEWSW
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he is going to come back with a larger plan, the obama tax cuts. then he will be able to reinstate those across-the-board sequestration cuts to gut things like defense, national institutes of health. he will be able to reinstate a lot of programs and give his caucus the opportunity to say, look, i am voting for something and to restore tax cuts for the middle class. i am voting to restore the great things. and the republicans are going to be in a really tough position because no one's going to say, let's vote to restore the tax cuts for the rich. this is his game plan from day one. >> what's the alternate sniff $250,000 and above -- everything we see -- obama is not offering cuts at all. he is lock looking for spending. >> he is managing the message. so it seems like he's being conciliatory. boehner hassen a lot of heat. he has taken a ton of slack on this. he was given a tential hand of cards. but he came to the table. he tried to at least bring something to the floor. mitch mcconnell knows he is not going to be able to pass anything, any tax cuts
he is going to come back with a larger plan, the obama tax cuts. then he will be able to reinstate those across-the-board sequestration cuts to gut things like defense, national institutes of health. he will be able to reinstate a lot of programs and give his caucus the opportunity to say, look, i am voting for something and to restore tax cuts for the middle class. i am voting to restore the great things. and the republicans are going to be in a really tough position because no one's going to...
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Dec 28, 2012
12/12
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kimberly: coming up, obama tax cut. hillary clinton is coming back to work after her concussion. will she finally face the music on the benghazi attack? the head of the epa is stepping down after shady behavior sun covered. that's next on "the five." ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or
kimberly: coming up, obama tax cut. hillary clinton is coming back to work after her concussion. will she finally face the music on the benghazi attack? the head of the epa is stepping down after shady behavior sun covered. that's next on "the five." ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because...
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Dec 29, 2012
12/12
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he is going to come back with a larger plan, the obama tax cuts. then he will be able to reinstate those across-the-board sequestration cuts to gut things like defense, national institutes of health. he will be able to reinstate a lot of programs and give his caucus the opportunity to say, look, i am voting for something and to restore tax cuts for the middle class. i am voting to restore the great things. and the republicans are going to be in a really tough position because no one's going to say, let's vote to restore the tax cuts for the rich. this is his game plan from day one. >> what's the alternate sniff $250,000 and above -- everything we see -- obama is not offering cuts at all. he is lock looking for spending. >> he is managing the message. so it seems like he's being conciliatory. boehner hassen a lot of heat. he has taken a ton of slack on this. he was given a tential hand of cards. but he came to the table. he tried to at least bring something to the floor. mitch mcconnell knows he is not going to be able to pass anything, any tax cuts
he is going to come back with a larger plan, the obama tax cuts. then he will be able to reinstate those across-the-board sequestration cuts to gut things like defense, national institutes of health. he will be able to reinstate a lot of programs and give his caucus the opportunity to say, look, i am voting for something and to restore tax cuts for the middle class. i am voting to restore the great things. and the republicans are going to be in a really tough position because no one's going to...
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democratic and republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the political parties fail to find a way forward a barman says he will call a vote in congress to stop the tax rises if they can't work it out. the victim of a gang rape on a bus that triggered violent protests in india has died in the singapore hospital a body is expected to be flown back to india later on saturday the twenty three year old student was beaten and suffered massive internal injuries before being thrown out onto the road. rage in new delhi with widespread calls for greater measures to protect women. italy's outgoing prime minister says he will lead a coalition of centrist party to after february parliamentary elections and mario monti is not ruling out a return as a as head of state should the alliance be successful he resigned early this month after his government lost its majority amid the country's deepening recession. now we're coming up fast so that night of fun fireworks and festivit
democratic and republican senate leaders with finding a compromise to the budget impasse a raft of tax hikes and social spending cuts come into force automatically on new year's day if the political parties fail to find a way forward a barman says he will call a vote in congress to stop the tax rises if they can't work it out. the victim of a gang rape on a bus that triggered violent protests in india has died in the singapore hospital a body is expected to be flown back to india later on...
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results if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts worth billions of dollars in mass we take effect on journey the first another round of talks is saturday barack obama is already considering an emergency bill for the workers and the army if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india i mean charged with murder just hours after a victim died in a hospital if convicted all could face the death penalty in the case sparked protest in new delhi if you're for it is resorting to banning mass gatherings in parts of the city people still joining to express their anger and sorrow and demanding extreme measures to keep the streets safe. the newly elected prime minister has taken a tour of the fukushima nuclear plant which was devastated by a massive tsunami last year wearing a protective suit to be inspected the complex and admitted that dealing with a fall that is an unprecedented challenge the previous democrat led government plan to scrap the use of nuclear
results if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts worth billions of dollars in mass we take effect on journey the first another round of talks is saturday barack obama is already considering an emergency bill for the workers and the army if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india i mean charged with murder just hours after a victim died in a hospital if...
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Dec 31, 2012
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it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold is 250,000 to 400,000 are these people that are going to vote on it. nobody else really cares. all they really care is that you get a deal. these people are sitting at ground zero. these snores, these liberals. i'm a liberal. i don't care what the thereby hold is. i don't give a damn if it's a million. i just want them to get a deal or go over the cliff, but somebody just make up your mind up on capitol hill. that's what the american people would like to hear. here's the bottom line. even if they do get a deal at 450,000 or 500,000 or whatever that number is, barack obama
it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold...
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Dec 27, 2012
12/12
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obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered the deficit. pass his tax cut. a win and he can blame the g.o.p. i would argue i don't think the g.o.p. had the ball on this fight. i don't think they gave it up. i don't think they had it. it's very tough for them to win against the white house like this. and a white house press corps that is not going to report anything negative against the president. >> eric: the ball is a debt ceiling. remember, all the negotiations, tell you, i'll get to greg, they have to go through the house. money negotiations go through the house. if the house says no on raising debt ceiling they can create havoc. go ahead. >> greg:
obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered...
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Dec 29, 2012
12/12
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whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than 250,000. this is, i don't know, for years i've had to listen to this, it is going to hurt our economy if we raise taxes on the top 2%. there are many things happening that can hurt our economy. the fact we're having this conversation two or three days before the end of the year is hurtings our economy. adam: but we've seen that. >> raising taxes isn't going to be it. adam: let me bring dan back in here. dan, i want to ask you, raising taxes only raises $80 billion at best in a budget almost a trillion dollars over budget. so what do you to fix that problem? >> all we have to do to balance the budget in 10 years limit the growth of government spending so that the budget climbs by an average 2.5%
whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than 250,000. this is, i don't know, for years i've had to listen to this, it is going to hurt our...
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Dec 31, 2012
12/12
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social security taxes going up tomorrow. obama care taxes going up tomorrow. if you get a bounce to the market, will it last? >> i don't think it will. i think it will be very short lived. i think people will come in and sell the bounce, stuart. then they will look at the details and the details won't look good and this market may take a very big hit because of that. it will be short lived as far as i'm concerned. stuart: i'm picking up on very big hit, key words. what do you mean by that, larry levin? >> the market could -- we saw the market overnight in the s&ps trade down to 1380. i think 1350 is the next spot after that. that's another 50 points below where we're trading in the s&ps alone stuart. that's the kind of big hit i'm talking about. stuart: that would be a big hit. larry levin, thank you very much. happy new year to you. >> happy new year to you. stuart: let's bring in the author of how rich people think. steve, the rich voted not in overwhelming numbers but they certainly gave many of their votes to president obama in the last election. now, the
social security taxes going up tomorrow. obama care taxes going up tomorrow. if you get a bounce to the market, will it last? >> i don't think it will. i think it will be very short lived. i think people will come in and sell the bounce, stuart. then they will look at the details and the details won't look good and this market may take a very big hit because of that. it will be short lived as far as i'm concerned. stuart: i'm picking up on very big hit, key words. what do you mean by...
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Dec 27, 2012
12/12
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writing into their hope barack obama gets all the taxes he wants. i'll bthe first to say i toldd you so when the consequence happens.n t people learn the hard way.n obama never negotiate, he just demands something of complaints. when he doesn't get what he wants. he is far more mature than that, don't you think? we will keep thinking about that. thank you for your comments. we love hearing from you. we love hearing from you. >>> a massive winter storm wreaks havoc bringing blinding snow and devastang tornadoes. at least six are dead, over a thousand flights canceled nationwide stranding holiday travelers and worries things could get worse. welcome, i'm eric bolling in for neil cavuto and this is your world and we're tracking a deadly winter storm as it makes its way towards the east coast. in indiana, heavy snow stranding dozens of vehicles asolkseal with blizzard. a foot in bloming to know. across the south and southst 34 twisters leveled homes. in mississippi for than 25 people injured and 70 homes damaged. that number expected to rise. the storm
writing into their hope barack obama gets all the taxes he wants. i'll bthe first to say i toldd you so when the consequence happens.n t people learn the hard way.n obama never negotiate, he just demands something of complaints. when he doesn't get what he wants. he is far more mature than that, don't you think? we will keep thinking about that. thank you for your comments. we love hearing from you. we love hearing from you. >>> a massive winter storm wreaks havoc bringing blinding...
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Dec 29, 2012
12/12
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that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to have you both on. guys, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures continue to trade and they suggest that if the dow jones industrial average were to open right now it would be down 315 points. the nasdaq would be down a whopping 51 and the s&p 500 down 39. here now is larry glazer from the mayflower advisers and director at tjm institutional services. guys, when we open on monday, is it going to look that bad? jim? >> it depends on what happens. this is the way uncertainty works, but, you know, i thought for a month that one of two things was possible, one that we go over the cliff and the republicans have ground cover to be low
that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to have you both on. guys, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures...
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Dec 27, 2012
12/12
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obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered the deficit. pass his tax cut. a win and he can blame the g.o.p. i would argue i don't think the g.o.p. had the ball on this fight. i don't think they gave it up. i don't think they had it. it's very tough for them to win against the white house like this. and a white house press corps that is not going to report anything negative against the president. >> eric: the ball is a debt ceiling. remember, all the negotiations, tell you, i'll get to greg, they have to go through the house. money negotiations go through the house. if the house says no on raising debt ceiling they can create havoc. go ahead. >> greg:
obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered...
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Dec 28, 2012
12/12
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it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes there is little doubt in washington about the seriousness of the sick jubilation. the problem is withdrawing government demand from the economy too big spending programs cuts with a smothering effect on the tax hikes will have been very damaging effect on the was economy and by extension the world economy. people know it is serious, but the politics, we know that the house and senate republicans do not want to increase taxes on anybody, so it is very difficult to see how a package can get through congress, certainly in time for the new year. one guess is that the
it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means...
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Dec 31, 2012
12/12
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from now on they will be the obama middle class tax cuts. do you believe that? >> well, don't forget the obama signed extension of these very tax cuts two years ago and said you don't raise taxes in the middle of a recession. we estimate a million small businesses will see their taxes go up. i can't find a single maul business owner that says if you raise my taxes i will hire more people. we should talk about growth and opportunity. there are three strikes against the plan as i see it. it will raise taxes. possibly put off any spending cuts. david: you're not answering the question. do you think the president, as a political tactic wants to go off the fiscal cliff so he can come in as a tax cutter? >> oh, i think he does. he wants more revenue. whether he wants to cut those taxes when he is done. when you're running 1.3 trillion dollar deficits you got to have more revenue if you're going to shrink that deficit. liz: gentlemen, why is it okay if george bush wanted to cut taxes and not if president obama wants to cut taxes? at a certain point nobody loves taxes.
from now on they will be the obama middle class tax cuts. do you believe that? >> well, don't forget the obama signed extension of these very tax cuts two years ago and said you don't raise taxes in the middle of a recession. we estimate a million small businesses will see their taxes go up. i can't find a single maul business owner that says if you raise my taxes i will hire more people. we should talk about growth and opportunity. there are three strikes against the plan as i see it. it...
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Dec 28, 2012
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pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have the house of representatives look at it. i think the deal is cut. they will get legislation and vote on it late monday night. >> andrea: do you think a deal is cut? i talk to people and they say no deal. >> eric: there is no deal. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make
pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have...
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Dec 28, 2012
12/12
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increases at any level of income, which is an absolute prerequisite for president obama. if they do not come to some kind of agreement, but that tax to be voted on -- and there is doubt that it is logistically possible before new year's day -- then the most immediate impact would be the loss all unemployment relief checks for 2 million americans as well as payroll tax holiday that will come to an end, which means tax increases that over the year could total 2000-$3,000 a year for a family. >> school teachers in the u.s. state of utah and are being offered training in handgun and handling firearms. gun rights advocates have been coaching 200 teachers in the use of concealed weapons after the sandy hook shooting in connecticut. the national rifle association proposed placing an army officer at every u.s. school. -- armed officer. the man who led u.s. forces in the first gulf war general norman schwarzkopf has died. he was aged 78 and had been suffering from cancer. a look back at his career. >> not since world war ii had an american general commanded such a broad coalition
increases at any level of income, which is an absolute prerequisite for president obama. if they do not come to some kind of agreement, but that tax to be voted on -- and there is doubt that it is logistically possible before new year's day -- then the most immediate impact would be the loss all unemployment relief checks for 2 million americans as well as payroll tax holiday that will come to an end, which means tax increases that over the year could total 2000-$3,000 a year for a family....
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Dec 30, 2012
12/12
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president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm a lifeguard and we have to save as many people from drowning and higher taxes as we can. >> reporter: in the weekly address to the nation, president obama urged congress to do something. >> we can't afford a politically self-inflicted wound to our economy. >> reporter: congress will try to find compromise. >> i am still optimistic and i think we can avert this and there is enough common sense to come together and get it solved. >> reporter: a combination will kick in on january 1st. if no deal is made, president obama will press congress to vote on a plan c, one keeping tax cuts in place for most americans. in washington, mike emmanuel, fox news.
president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm a lifeguard and we have to save as...
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Dec 28, 2012
12/12
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but the danger for them is that these stopped being the bush tax cuts and become the obama tax cuts, right? i think that's what conservatives and republicans should be most worried about from a long-term political perspective right now. i mean, in a sense, they have sort of -- they have won a particular policy battle in the sense that most of the bush tax cuts, both parties believe should be extended. right? we're talking about 97%, 98% of the bush tax cuts. you could say that's a policy win for republicans, but if those tax cuts ended up getting branded as obama's tax cuts that he passed after we went over the fiscal cliff, it then loses whatever upside there was for republicans, except, and we have to mention this, for republicans vulnerable to primary challenges, there's obviously a lot of anxiety about being, you know, the first republican in 20 years to vote for a tax increase. i think that's the big fear, that it's been so long. republicans haven't cast this kind of vote. you don't want to be the first one to do it. >> yeah, and charles, we're told the democrats may be waiting
but the danger for them is that these stopped being the bush tax cuts and become the obama tax cuts, right? i think that's what conservatives and republicans should be most worried about from a long-term political perspective right now. i mean, in a sense, they have sort of -- they have won a particular policy battle in the sense that most of the bush tax cuts, both parties believe should be extended. right? we're talking about 97%, 98% of the bush tax cuts. you could say that's a policy win...
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Dec 26, 2012
12/12
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i'm going to call them obama tax cuts. will runs say no to voting for a tax cut? >> well, the interesting question is of course what this comes with. we're at the beginning of a conversation not at the end of a conversation. because we have to decide what to do with the bush tax cuts. that's one thing. we have to decide to do -- what to do with a trillion dollar of obamacare tax increases. very few people are talking about this but there's a trillion dollars of tax increases obamand ad demonstration passed before the last election and 90% of those hikes were delayed until after the president got himself reelected. then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told obama if you want a trillion dollars in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask y
i'm going to call them obama tax cuts. will runs say no to voting for a tax cut? >> well, the interesting question is of course what this comes with. we're at the beginning of a conversation not at the end of a conversation. because we have to decide what to do with the bush tax cuts. that's one thing. we have to decide to do -- what to do with a trillion dollar of obamacare tax increases. very few people are talking about this but there's a trillion dollars of tax increases obamand ad...